
Construction Partners shares rally on record $3.1B backlog and raised guidance
Construction Partners (NASDAQ:ROAD) reported explosive growth for its fiscal second quarter of 2026, benefiting from a robust infrastructure environment in the Southeastern United States and improved operational execution.
The Dothan, Alabama-based company posted revenue of $769.2 million, a 34.5% increase compared to the $571.9 million reported in the second quarter of fiscal 2025.
The top-line growth translated into significant margin expansion and bottom-line gains.
Adjusted EBITDA rose 34.6% to $93.3 million, while adjusted net income skyrocketed 136% year-over-year to $10.4 million.
A key indicator of future growth, the company's project backlog reached an all-time record of $3.14 billion.
This robust pipeline is being fueled by increased state-level funding and the continued flow of federal dollars from the Infrastructure Investment and Jobs Act (IIJA).
The backlog consists of a healthy mix of large-scale highway projects and smaller, recurring maintenance contracts across its core markets.